State the definition for the slope of a straight line graph
Please provide the best answer for the statement.
The ratio of the vertical change (the rise or fall) to the horizontal change (the run) in moving between two points on the line is called the slope of the line. The slope of an up sloping line is positive, reflecting a direct relationship between two variables; the slope of a down sloping line is negative, reflecting an inverse relationship.
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As you consume more and more of any good, you experience ________ utility
A) diminishing marginal B) diminishing total C) negative marginal D) increasing marginal
The sun is an example of:
a. a natural resource. b. capital. c. labor. d. none of these.
All of the following statements about asymmetric information are true except
A. asymmetric information can only be solved through government intervention. B. asymmetric information creates market failures because it makes it harder for individuals to engage in transactions that would take place in the presence of perfect information. C. asymmetric information occurs when one party to a transaction has relevant information to the transaction that the other party does not have. D. asymmetric information occurs in the market for used cars and in the insurance market.
________ refers to a firm's ability to raise price without losing all demand for its product.
A. Price gouging B. Market power C. Price discriminating D. Price taking